Ripple: 3 Reasons Why XRP Could Skyrocket to $5

Ripple’s XRP token has surpassed the $1 mark for the first time since November 2021. The asset has faced significant hurdles over the past few years. The project’s poor performance may be due to the SEC lawsuit against the fintech company. XRP’s Largest Price Increase Since 2021 The latest price increase of XRP occurred after Bitcoin (BTC) reached $99,000. This original cryptocurrency reached an all-time high of $99,645.39 on November 22, 2024. The price increase of BTC triggered a market-wide increase.

XRP increased by 0.3% on the daily chart, 27.2% on the weekly chart, 138.9% on the 14-day chart, 180.6% from last month, and over 133% since November 2023. 3 Reasons Why XRP Could Skyrocket to $5

1. Replacement Solution for SWIFT System Ripple’s XRP token is a popular cryptocurrency for international transactions. SWIFT has dominated the global financial industry for many years. Ripple can provide a blockchain-based alternative solution to the SWIFT system. This could lead to a significant increase in the price of XRP.
2. Resolving the Dispute Between SEC and Ripple The SEC’s lawsuit against Ripple has created a significant barrier to the price of XRP. Due to the lawsuit, this asset has not reached its peak in the 2021 price surge. The fintech company paid a $125 million fee to settle the lawsuit earlier this year. Once the lawsuit is resolved, this asset may start to rise in value.
3. Provision for Flexibility Under the Leadership of Trump Many analysts and market participants predict that cryptocurrency regulations will be more lenient under the leadership of Donald Trump. The president-elect may also choose a “cryptocurrency tycoon” in the coming days. This development could lead to a significant price increase in the market, and the price of XRP may soar.